Friday 19 October 2018
 
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Real estate market

$13bn package 'to drive Abu Dhabi real estate market'

Although market conditions in Abu Dhabi remain relatively unchanged, the second quarter witnessed a major announcement by Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces Sheikh Mohamed bin Zayed Al Nahyan, introduc

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Abu Dhabi’s real estate market 'nearing the bottom'

Abu Dhabi’s real estate market is seen nearing the bottom as the UAE economy prepares for stronger growth in 2018 with the gross domestic product (GDP) likely to expand by 2.6 per cent, according to an industry expert. While

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Expo 2020 may help boost Dubai's still-slow real estate market

In 2017, Dubai residential property prices and rents declined by 5 to 10 per cent, as was expected, according to a report by ratings agency S&P. "This correction will continue at least for this year and next, before price

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Mideast capital boosts global real estate market

Middle East’s outbound capital flows into global commercial real estate (CRE) reached $10.1 billion between the second quarter of 2016 and this year, according to CBRE’s Middle East ‘In and Out’ 2017 report.

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Dubai real estate draws $41bn investment in 18 months

A total of Dh151 billion ($41.1 billion) was invested in Dubai property market by 217 nationalities during the last 18 months, according to latest figures released by the Dubai Land Department. The DLD revealed the figure while an

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Jeddah's real estate market 'subdued'

The retail sector in Jeddah is experiencing some improvements, but overall the Saudi city’s real estate sector has remained relatively subdued in the second quarter with further declines in performance recorded, according to propert

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Bahrain property sector picks up pace in Q2

Bahrain’s residential market witnessed an increased level of activity with a number of new developments being announced in the second quarter of the year, said a report. As part of the surge in housing and infrastructure pro

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Saudi realtors urge enactment of mortgage law

A number of Saudi real estate firms are urging the implementation of a mortgage law that is expected to help put an end to unscrupulous practices among some real estate companies. The law, which is expected to usher in a new boom in the re

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Riyadh property market ‘in upswing’

The Riyadh real estate market is reaping the benefits of the Saudi Government’s regulatory reform and massive investment in infrastructure, said a report. The report “Riyadh City Profile”, published by Jones Lang LaSalle, a global real est

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Jordan realty market sees first quarterly growth

Improved home financing and developers securing bank finance has allowed Jordan’s real estate market to record the first quarterly growth since the downturn in the economy, said a new report. The Jordan Report Q2 2010 from the region’s le

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